Overview

Job Family: Risk

Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

Job Function: Change Oversight Risk Management

Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

Summary of Responsibilities:

The Associate, Risk Management implements various risk management processes and strategies for supporting initiatives, capturing and implementing recommendations from audits and other internal/compliance and external/regulatory assessment projects.

Essential Functions:

  • Applies innovative quantitative and qualitative analytical techniques to detect problems and improve reporting/MIS capabilities.
  • Delivers industry best practices, tools, guidance, and training to increase analytical capabilities and throughput.
  • Partners with Business Lines to recommend and vet new products initiatives, origination strategies, pre-approval and pre-qualification campaigns, underwriting techniques, peer group comparisons, and process optimization.
  • Implements and validates various risk segmentation strategies using complex data.
  • Provides direct support, participation, and oversight for developing, managing, and executing the credit risk strategy, which specifically includes functions such as understanding and leveraging credit-risk analytics to improve portfolio performance
  • Selects and optimizes risk management processes and strategies for various Small Business initiatives, capturing and implementing recommendations from audits and other internal/compliance and external/regulatory assessment projects, and employing risk.

Other Functions:

  • Other duties as assigned.

Requirements:

  • Education –
    • Bachelor's Degree: Business, Finance, or equivalent field.
    • or equivalent work experience
  • Experience –
    • 5-9 years Risk Management
  • Skills & Abilities –
    • Advanced understanding of key inherent risk and risk management control practices.
    • Strong risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
    • Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.
    • Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense
    • Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
    • Ability to adjust to new developments/changing circumstances.
    • Ability to convey a sense of urgency and drive issues/projects to closure.
    • Ability to effectively interact with the market, executive management and vendors.
    • Ability to adapt and adjust to multiple demands and competing priorities.
    • Excellent written and oral communication skills.
    • Strong analytical, organizational and project management skills.

Competencies:

  • Collaboration – Relationship Management:
    • Proficient – Applying and Executing
      • Knows who to reach out to inside and outside of one’s team to get work done
      • Takes action to enhance working relationships needed to achieve seamless work flow
      •  

  • Collaboration – Teamwork:
    • Proficient – Applying and Executing
      • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change
      • Provides assistance and coaches less experienced team members
      •  

  • Execution – Accountability:
    • Proficient – Applying and Executing
      • Follows through to meet commitments to others
      • Takes responsibility for achieving strong results, despite balancing multiple complex demands
      •  

  • Influence – Information Sharing:
    • Proficient – Applying and Executing
      • Uses information and data effectively to support a position and present a rational case
      •  

  • Influence – Two-way communication:
    • Proficient – Applying and Executing
      • Communicates in a timely and straightforward manner
      • Probes for additional information, clarifies assumptions and confirms agreed-upon actions
      • Keeps everyone involved informed about progress and issues
      •  

  • Risk Business Acumen – Industry Acumen:
    • Proficient – Applying and Executing
      • Stays current with industry and regulatory trends and emerging risk issues
      • Has good understanding of current market and competitive landscape that the organization operates within
      •  

  • Risk Management – Knowledge of Risk Management Policies, Regulations, Processes and Procedures:
    • Proficient – Applying and Executing
      • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results
      • Knows the relationship and impact of actions and results
      • Has an understanding of regulations impacting area supported
      •  

  • Risk Management – Risk and Compliance Adherence:
    • Proficient – Applying and Executing
      • Communicates the importance and benefits of risk management to counterparts
      • Displays natural skepticism and curiosity to question the status quo and uncover issues
      • Adheres to a good root cause analysis process
      •  

Working Conditions:

  • Frequently: Minimal physical effort such as sitting, standing, and walking.
  • Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.

Employer’s Rights:

  • This job description does not list all the duties of the job.  You may be asked by your supervisors or managers to perform other duties.  You will be evaluated in part based upon your performance of the tasks listed in this job description.
  • The employer has the right to revise this job description at any time.  This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.